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Will China crash?
The questions that now face China are whether it can maintain its internal stability and contribute to the vitality of the wider global economy. Like many economic juggernauts before it — Japan springs to mind — China seemed unstoppable. Its economy hummed along at the almost unimaginable annual growth rate of about 10 percent. No obstacle seemed beyond its power to surmount. After the 2008-2009 financial crisis, it adopted a huge stimulus package equal to about 13 percent of its gross domestic product. Growth resumed, and China’s leaders were widely praised. It now turns out that the Chinese — like the ... (full story)
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